Reconciling Trade Policy and Climate Goals

Wednesday, June 30, 2021 - 11:00

This event will examine three key issues: One will be the prospects for climate-friendly progress in the WTO, such as the Environmental Goods Agreement, and subsidies rules that discourage fossil fuel use and promote renewable energy. Another will be the resilience of supply chains and the potential for transatlantic cooperation to promote sustainability within them. Finally, it will look at how a joint U.S.-EU approach to a carbon border adjustment mechanism could take shape and potentially be expanded to other like-minded countries.

Opening Remarks:

  • David Livingston, Senior Advisor, Office of the Special Presidential Envoy for Climate, U.S. Department of State

Discussants:

  • Dr. Susanne Dröge, Senior Fellow, German Institute for International and Security Affairs (SWP)
  • William Reinsch, Scholl Chair in International Business, Center for Strategic and International Studies (CSIS)
  • Prof. Simon Evenett, University of St. Gallen, Switzerland

 

This event is part of the KAS USA / AICGS Online Series: Transatlantic Trade Week: Where are Transatlantic Trade Relations Headed? China, the WTO, and Climate Change (June 28-June 30)

With the advent of the Biden administration, both the tone and the substance of transatlantic economic relations are already improving. Although a number of bilateral irritants remain, there is now an opportunity for a common agenda on a number of key trade policy challenges.

 In this new context, the Konrad-Adenauer-Stiftung and the American Institute for Contemporary German Studies at Johns Hopkins University are collaborating on a series of online events examining key trade policy challenges. These include agreeing a joint approach to China’s economic behavior through a better balance between engagement and enforcement; reforming the World Trade Organization through new rules in areas like subsidies and state-owned enterprises and reviving its dispute settlement system; and reconciling trade and climate policy goals through the WTO, supply chain strategy, and a carbon border adjustment mechanism.